Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — BMO Global Metals, Mining & Critical Minerals Conference 2023
15 slides from Sunrise Energy Metals's conference presentation, Feb 27, 2023
Slide 1: Media Release: Sunrise Energy Metals to present at BMO Conference
Media Release 27 February 2023 Sunrise Energy Metals to present at BMO Conference Sunrise Energy Metals Limited (ASX:SRL) advises that CEO and Managing Director, Mr Sam Riggall, will be presenting at the BMO Capital Markets 32nd Global Metals, Mining & Critical Minerals Conference in Florida and hos
Slide 2: Forward-looking statements (media release)
new release. Readers are cautioned not to place undue reliance on forward-looking information or statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors t
Slide 3: The Future of Battery Metals
The Future of Battery Metals BMO Global Metals, Mining & Critical Minerals Conference February, March 2023
Slide 4: Cautionary statement
Cautionary statement Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, pe
Slide 5: The Sunrise Project is development-ready
The Sunrise Project is development-ready • Location: 350km west of Sydney in an Sunrise Ni-Co-Sc established mining district deposit • Development-ready: A$250M invested and all key permits and land secured • Extensive test work: FEED, piloting and hydromet test work completed - significantly de-ris
Slide 6: Project economics
Project economics Strong Annual Production1 Robust Economics Capex and Payback Nickel: 21.3 ktpa NPV8: US$1.2 billion US$1.8 billion Cobalt: 4.4 ktpa IRR: 15.4% 5 years Exceptional Cash Flow Negative Nickel Cash Cost Long Life with Options LOM EBITDA: US$10.8 billion Negative US$0.80/lb Ni after 50-
Slide 7: Tier 1 ore body with low mining risk
Tier 1 ore body with low mining risk • Shallow, simple, free-dig strip mining • Enough nickel and cobalt to convert ~30% of the current US light vehicle passenger fleet to electric • Flexibility to tailor production plans to accommodate varying nickel-cobalt chemistries 5
Slide 8: An unusual yet highly valuable ore body
An unusual yet highly valuable ore body Cobalt : Nickel Ratio in Nickel Hydromet Operations 0.250 • The Sunrise ore body is far 0.200 richer in cobalt than most lateritic ore bodies • It contains lower levels of 0.150 clay materials which improves handling properties and reduces 0.100 acid consumpti
Slide 9: Operating costs
Operating costs Operating Costs (US$/lb Ni) Yr2-11 Yr2-25 Mining costs 0.84 0.76 Sunrise will be a first quartile nickel cash cost producer Processing costs 3.14 3.47 Admin & Site Overheads 0.18 0.21 Haulage & Port 0.15 0.14 Cobalt by-product credits contribute one-third of Project Total C1 Costs (b
Slide 10: Focus on sustainability in mining design
Focus on sustainability in mining design Carbon intensity of nickel production • Key design features of the Sunrise Project include: (kg CO2/Kg Nickel in sulphate) ✓ 100% renewable power for mine and processing plant Nickel Pig Iron (EAF) ✓ Use of co-gen to reduce electricity demand Nickel Pig Iron
Slide 11: Building a stable financing platform
Building a stable financing platform Large resource and strong economics support a conventional project debt financing package, whilst ESG credentials and geographic location are attractive to OECD governments and OEM players ➢ Leading global banks appointed to arrange the project debt facility, tar
Slide 12: Advancing the Sunrise Project
Advancing the Sunrise Project SRL continues to advance the development of the Sunrise Project via a range of workstreams aimed at minimising Project start time once a financing package is secured and a final investment decision is made Major Project Status received in 2021 from Australian Government
Slide 13: Investment summary
Investment summary The Sunrise Project is Australia’s largest and most advanced battery materials project with a 50-year mine life Fully integrated from mine to battery chemicals with an average annual metal- equivalent production of 21.3kt of nickel and 4.4kt of cobalt as sulphate Sustainably desig
Slide 14: Corporate snapshot
Corporate snapshot Sunrise Energy Metals Limited Major shareholders ASX Code ASX:SRL OTCQX Code OTCQX:CTEQF 13.3% Shares on Issue 90.1M Robert Friedland Share Price (as 31 Dec 2022) A$1.92 Pengxin Mining 11.6% FMR Market Capitalisation A$173M 5.0% GMO Cash (as at 31 Dec 2022) A$20.6M 59.2% Board/man
Slide 15: Corporate Investors
Corporate Investors Ben Stockdale (CFO) Craig Sainsbury +61 3 9797 6700 craig.sainsbury@automiocgroup.com.au
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